Mike Pearson tells us how inflation may be getting better.
Food price inflation is a hot topic for anyone buying food.
The 20-year average for inflation is 1.7 percent annual. In 2021, it hit 1.9 percent and hit hard at 8.9 percent in 2022. The prices for red meat, eggs and bread spiked that year but the price hikes should be slowing.
The October Consumer Price Index cooled from double digits this year to 3.7 percent.
Now, restaurants are showing a 6 percent rate of inflation and grocery prices hit 2.4 percent.
The one bright side is cereals and bakery in the report which showed a slight…
